The deal is expected to close by the first quarter of 2022
The transaction is subject to customary completion conditions
The UAE is seeking to grow its national exports by 50 per cent over the coming years
Its trade reduced 5.6 per cent compared to Dhs213.3bn recorded in 2019
There are 174 companies within this sector in the free zone, employing 1,100 people
The port operator is working with advisers to gauge interest in the sprawling industrial park
China remained Dubai’s largest trading partner in Q1 2021, with Dhs44bn worth of trade
The Red Sea Gateway Terminal plans to invest in at least three international ports in the next five years
Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29
China was DAFZA’s biggest trading partner accounting for 27 per cent of all trade valued at Dhs32.3bn
The issuance was more than 4.5 times oversubscribed
Offshore companies comprised 11 per cent of the total number of new companies
DMCC will initially incubate a select range of cacao services within its DMCC Coffee Centre in Jebel Ali starting from mid-2021
DP World Limited handled 18.9 million TEU across its global portfolio of container terminals in the first quarter of this year
With the region improving its status as a global trade hub, it is attracting more and more cross-border deals with countries such as the US, according to investment firm J&A
In terms of volume, the overall trade weighed 17 million tonnes
The Suez Canal Authority has said compensation is needed to cover losses of transit fees
Over 6,000 new member companies joined Dubai Chamber in the first three months of 2021
China remained Dubai’s largest trading partner with Dhs142bn worth of exchanges in 2020
Agricultural and food products were the main commodities in Dubai’s trade with South Africa
India, Indonesia, Thailand, Brazil, Colombia, South Africa and others have joined the initiative in the past 12 months
Saudi Arabia is the UAE’s top trading partner, with a total of Dhs113.2bn in trade exchange in 2019
Ciavola was the chief operating officer of Tradeling and played a pivotal part in setting up the company
DP World Maspion East Java will become the sole operator of the container port with a design capacity of up to three million twenty-foot equivalent units
The products did not conform to UAE specifications and did not bear a digital tax stamp
DP World has expressed interest in developing the southern terminal at Port Sudan
Dubai Customs revealed the figures ahead of Kuwait’s 60th National Day which falls on February 25
Aramex will provide DED Trader licence holders with Domestic and International Express delivery solutions, and comprehensive freight services and logistics assistance
Jebel Ali in Dubai handled 3.4 million TEU in Q4 2020, up 0.3 percent year-on-year
Aramex will leverage its logistics network to reach more businesses and consumers